Hope you are doing good in this pandemic situation.

Yes what you heard is completely true Osmania University is going to conduct examinations for 1st 2nd and 3rd year students.

But you don't need to worry as these exams to be online and most probably a open book exam. They haven't confirmed anything except that exam would be conducted. If the conducted to the offline method I am sure many students are going to resist against it.

so you don't need to worry as you won't have to risk your life to give your exam the exams would be online.

Also you can check out the recent updates from the official website I will provide you the link

https://www.osmania.ac.in/examination-timetables.php

I think the university will conduct exams only for their final year students so that they can be provided with graduation certificate